Any organization with multiple legal entities will have transactions with each other for business purposes. Such transactions needs to be recorded accurately in both provider legal entity and receiving legal entity. Reconciliation of such transactions is always a tedious task in many organizations.

Using Intercompany transactions process on GL, it ensures that transactions are records correctly and at the same time in both the ledgers.

In this chapter, you will learn how to define configurations for intercompany transactions which require journal creation in provider and receiver's ledgers.